The title is tongue-in-cheek for sure, considering that many of the lyrics were meant as absurd comedy (when you learn their "back story" ).

Derek Taylor in an interview (quoted in the book A HARD DAY'S WRITE) broke down some of the lyrics. He said he and Lennon, with Pete Shotton and Neil Aspinall, tripped on acid at Derek's place. Lennon told them he had half a song written, and wanted the guys to shout out ideas for the other half.

Derek's father would praise a woman by saying, "She's not a girl who misses much."

"She's well acquaintedWith the touch of a velvet hand" is from Derek and his wife having talked to a man in a hotel who told them "I like to wear moleskin gloves. It gives me an unusual sensation when I'm out with my girlfriend."

"a lizard on a window pane" was from Derek having returned to the Beatles' fold after his L.A. sojourn. It was a "typical L.A. image." (L.A. basically being a reclaimed desert.)

"The man in the crowdWith the multicoloured mirrorsOn his hobnail boots" was from a news story of a man arrested for having mirrors on top of his boots at a soccer match, where he was looking at women's panties reflected in the mirrors.

"Lying with his eyesWhile his hands are busyWorking overtime" was from another news story of a man who had fake plastic hands he would rest on counter tops, while his real, unseen, hands—from under a cloak—would shoplift things below the counter and put them in a bag hidden under the cloak.

"Which he ate and donatedto the National Trust." Derek said the "National Trust" refers to England's public parks system. The "donation" is actually human poop. Derek referred to "the horrors of walking in public places in Merseyside, where you were always coming across evidence of people having crapped behind bushes and in old air raid shelters. So to donate what you've eaten to the National Trust...was what would now be known as `defecation on common land owned by the National Trust.'" (These are Derek's own words, boys and girls!)